New FPA award recognises use of technology
The Financial Planning Association (FPA) has introduced a new award category to its annual financial planning awards – The FPA Advice Innovation Award which is aimed at recognising advisers who use technology and digital delivery.
The organisation announced the new category at the same time as launching its 2020 awards.
FPA chief executive, Dante De Gori clamed the 2020 awards would be more significant because of the challenges and disruptions currently being experienced by financial planners and their clients.
“2020 is unfolding as the most challenging year in decades,” he said. “FPA members are playing a critical role in supporting their clients and the broader community with advice as many Australians find themselves in a financial situation they have never experienced before.”
Recommended for you
The ongoing adviser shortage is a key driver behind advisers’ increased use of ETFs and managed accounts, according to an industry expert, fuelled by the need for cost and efficiency savings.
A business consultant believes there is a proven correlation between advice businesses that develop and commit to a clear business plan and those that see higher profit outcomes, but only when done correctly.
Advice technology solution intelliflo has launched an integration with fintech firm FAYBL to introduce AI capabilities across the intelliflo office offering to boost efficiency.
ASIC’s court case with Interprac is causing advisers to explore the possibility of self-licensing, according to My Dealer Services, as they observe the reputational damage it can bring to a practice.
